Can you add utility transfer fees to the basis of your home? A relocation was not involved in this move.

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Can you add utility transfer fees to the basis of your home? A relocation was not involved in this move.

No. Increases to the basis of your home include:

additions/improvements that have a useful life of over a year;
special assessment for local improvements (ex. sidewalk)
Amounts spent after a casualty to restore damage
Sales tax on purchase (unless deducted as an itemized deduction)

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Can you add utility transfer fees to the basis of your home? A relocation was not involved in this move.

No. Increases to the basis of your home include:

additions/improvements that have a useful life of over a year;
special assessment for local improvements (ex. sidewalk)
Amounts spent after a casualty to restore damage
Sales tax on purchase (unless deducted as an itemized deduction)

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